Indianapolis Times, Volume 34, Number 206, Indianapolis, Marion County, 7 January 1922 — Page 13
FOREIGN NEWS WELL RECEIVED ON EXCHANGE Decision to Hold World Economic Conference Held of Fundamental Value. RUMORS UNFORTUNATE Special to Indiana Dally Times and Pbiladelpnia Public Ledger. By MONITOR. ®|NEW YORK, .Tnn. 7.—Price movements Wa the stock exchange were marked by touch irregularity, and the undertone Kvhen not nervous lapsed into a sort of apathy. Professionals furnished the bulk of the operations, as the outside public is hesitant and puzzled with little disposition to enter into new commitments until the outlook displays more clarity. „ ... It Is unfortunate that the financial atmosphere of late has been surcharged with a recrudescence of ugly rumors such as usually float about In periods of uncertainty and declining prices, Confident predictions are circulated of the passing of dividends or forthcoming unfavorable annual or semi-annual reports. Various business concerns, corporations, banks and brokerage firms are made the subject of irresponsible and malicious gossip. These ugly talcs have been esponsible chiefly for the confident bear selling and the nervous liquidation of the week The stock exchange, of cornrse Is powerless under the circumstances as no persons of decency or responsibility are engaged In the purveyal of such reports. . , From the standpoint of broad fundamentals. the day’s news had much of an encouraging character. The decision to hold an economic conference in the near future, with the participation of Germany and Russia, is a great forward step. Os even more importance, from a concrete standpoint, is the Berlin statement to the effect that part of the Reichsbank gold reserve will be hypothecated in the Bank of England and certain Scandinavian institutions to serve as security for foreign toedits to be used to pay for imports by [Scrmany, Instead of for reparations payments. I The reserve ratio of the combined Fed*eral Reserve system shows no change for the week, in spite of some shifting in the various items taken Into calculation. These were not important, and the figures stand at 71.1 per cent. The straw that shows the way the wind blows, however, Is represented by the continuing ease of money, with the call rate dropping to 3% per cent and closing at that figure, while time money was available at 4% per cent. There were no particular features of interest In individual price movements, aside from declines In the oils, including General Asphalt and Texas Company, weakness in Erie and some good buying in New Haven. The general list, as a rule, showed only fractional changes, most of them being advances indicating less uneasiness on the part of holders.— Copyright, 1922, by Public Ledger Company.
WALL STREET GOSSIP, By MONITOR. Transactions in the stock market were without significance. Fitful rallies followed fitful declines with the volume of trading small and confined largely to evening operations by the professional element over the week-end. If there were any consistent movements in individual stocks, they were the strength ;n New Haven and the weakness in Central Asphalt. In important banking circles it has been known for some weeks that plans were under consideration which would remove much of the uncertainty in the New Haven situation, not only eliminating a danger spot, but providmg for the Rermanenl rehabilitation of the property. •Buying has been of the most impressive character and is understood to be for the account of important banking interests. }n contradistinction to the strength in New Haven was the weakness in Erie, sales being made at 9%, or within oneeighth of the lowest price on record. Selling had to do with a report that new financing would be necessary to meet the 315,000.000 maturities of the company April 1. It was suggested sometime ago in important banking circles that a reorganization of this property might be necessary, since which time the stock has been persistently sold. An attempt to bid up the coppers on the oft repeated merger story was abortive, Charles Hayden Issued an emphatic denial that any consolidation of the porphyry companies is projected. In addition to this, trade reports indicated little demand for the metal with a nominal quotation of 13% and 14 cents. There was some discussion of a reported offer of a considerable quantity of metal at 13% cents on an attractive piece of business. The Cuba Cane Corporation announces the sale of approximately 350,000 bags of raw sugar partly to British and partly to American refiners. It is understood that the sales abroad were made at an approximate equivalent price of 1.81 cents cost and freight. This sale, it is said, will net the corporation about $2.000,000 which will be used to pay some of the $13,500,000 of acceptances which the corporation has falling due .Tan, 31. It is understood that the corporation has remaining approximately 1,200,000 bags of raw sugar. The persistent weakness of General Asphalt which carried the price of that Kssue to anew low for the present rnovePuent, was without adequate explanation. I’he speculative group, which has been responsible for recent movements, is understood to have sold most of Its holdings between 67 and 70, and now is taking back such offerings as come to the market. International Mercanti'a was advanced moreJthan 2 points on buying by a large floor trader. There was a report that, he company is about to obtain a clean bill of health from the United States •Shipping Board, and will extend its service to the Occident through the purchase of tonnage. The report was without official sanction and was not taken seriously In the financial disrict. Savage Arms is being bought by firms - hlch sometimes act for powerful intersfs. Looked upon as a ‘war bride’ the dock of this company has suffered the same fate which befell ot hers of Its -lass. It is understood that very pres--ntly the company will place on the market not only anew type electric washing machine, but also an Iceless refrigerator. which are expected to prove pre fiitable. The buying has been of a character which would indicate that some definitely constructed developments ire in the making. Call money opened and renewed at 4% per cent, tut at midday the price had ieclined to 3% per cent, the lowest rate since July 28, 1921. Time money rates also declined, and brokers reported very little demand for funds. Bankers are not a unit in their opinion on the immediate future of the money market. In some quarters it is pointed out that a large amount of money was remitted to out-of-town points the first of the year, and the customary return flow is not likely to materialize with a 3% per cent' money here. (Some attention was attracted by the apvanee in Liberty bond prices. The buying, investigation developed. was largely for the account of the Treasury Btepartmeni, and consequently had not tbe significance which otherwise might have attached to the movement.—Copyright, 1922. by Public Ledger Company. NEW YORK METAL MARKET. NEW YORK, .Tnn. 6.—Copper—Steady; spot. January. February and March. 12% ©:l3%e. r .e n a- Steady: spot. 4.75©4.90c: January. February and March, 4.70 © 4.80 c. Spelter—Steady; spot and January offered, 4%c: February and March offered. 4.90 c NEW YORK PETROLEUM. NEW YORK, ..an. 7.—Petroleum prices were steady in trade on the market here yesterday. Pennsylvania crude selling at $3.50 per barrel.
N. Y. Stock Opening l_ (By Thomson ft McKinnon) —Jan. 7 C- t. Allied Chemical no. Am. Int. Corp 39% Am. Locomotive 104% Am. Smelt. & Ref 43% Am. Sugar Ref. 58 Am. Sum. Tobac. Cos 34% Am. Tel. & Tel 115% Atchison 82% Baldwin Locomotive % California Pete 45 Central Leather 80% Chandler Motors 50 C. & 0 54% C.. M. & St. P. pfd 30% Chicago & Northwestern 62% C.. R. I. & P 31% Coca-Cola „ 42% Columbia Gas 66% Corn Products 93% Crucible Steel 64 Famous Players 76 Gen. Asphalt 57% General Electric 137% General Motors 8% Haskell-Barker 77% Inter. Paper 50% Lehigh Valley 58% Lee Tire 27% Marine pfd 68% Mexicon Petroleum 110% Midvale Steel 29% N. Y. Central 73% Northern Pacific 75% Penna. Ry 33% People's Gas 61% Reading 72% Royal Dutch of N. Y 50 Sears-Roebuek 62% Sinclair 19% Southern Pacific 78% Standard Oil Calif 93 Standard Oil, N. J 173 Studebaker 80% Texas Company 43% Texas Gas and Sulphur 40 Union Oil 18% Union Pacific 126 United Retail Stores 51% U. S. Rubber 52% U. S. Steel 82% Westinghouse Electric 49% Willys-Overland 5% Woolworth 139%
N. Y. Stock Exchange | (By Thomson ft McKinnon.) —Jan. 6 Prev. High. Low. Close, close. Allied Chern.... 56% 56 56 5)8 Ajax Rubber 16% 10% 18% 16% Allis-Chalmers.. 38% 38 38% 38% Am. Agri. 30% 30% 30% 30% Am. Beet Sugar 35 34 85 84% Am. B. M. C 0... 35% 34 35% 33% Am. Car and F. 143 142 143 142 Am. Can 33% 32% 33% 32% Am. H. &L. pfd 59 58% 68% 59% Am. Ice 80 79 SO 79% Am. In. Corp 39% 38% 39% 38% Am. Linseed 30 29 % 29% 29% Am. Loco 104% 103% 104% 102% Am. Selt. ft K... 44% 43% 43% 43% Am. Sugar Ref. 59% 67% 58 58% Am. Sum. T. Cos. 34% 33% 33% 33% Am. Steel Fdy.. 32% 31% 31% 32% Am Tel. & Tel 115% 115 115% 115 Vi Am. Tobacco... 130% 129% 129% 129% Am. Woolen ... 79% 78% 75% 78% Am. Zinc and L. 13 13 13 18% Anaconda M. Cos. 45% 48 48% 47% Atchison 92% 92% 92% 92 Atl. Gulf ft W. I. 30% 29% 29% 80 Baldwin L0c0... 95 93% 94% 93% B. & 0 34% 34Vi 34% 34% Beth. Steel (B). 56% 56% 56% 56% Calif. Pete 45% 44% 44% 44% Canadian Pac...119% 119% 119% 119% Central Leather 30% 30 30% 30 Chandler Motors 49% 48% 49 47% C. & 0 55% 54% ’ 64% 55 C., M. & St. P.. 18 17% 17% 18% C., M. & St. P. p. 31% 3u% 30% 31% Chi. & North 63% 62% 62% 62% C., R. I. & P.... 31% 31% 31% 31% C..R.1.&P. 6% p. 71 70% 71 Chili Copper 16% 15% 15% 15% Chino Copper . 26% 26Vi 26% 28% Coca Cola ... 42% 41% 42% 41% Col. F. & I. .25 24% 24% 25 Columbia Gas. 67 64 % 67 65 C. C. C. & St. L. 55 55 55 55 Con. Gas 90% 90% 90'% 90% Cosden Oil 33% 32% 32% 32 Corn Prod. ... 93% 92% 02% 92 Crucible Steel.. 64% 63% 64 64% C. Am. S 16% 16 16% 19 Cuban Cane S. . 9% 8% 9 9 •Del. & Lack.. 114 113% 113% 118 Erie 10% 9% 10 10% Endieott 77 76% 76% 78% Famous Play. . 76% 75% 76 75% Kick R. Cos. ... 11% 11% 31% 12 General Asphalt 58% 56 57 58 Gen. Elec 138% 137% 137% 138 Gen. Motors .. 8% 8% 8% 8% Goodrich 35% 35% 35% 35% Gt. North, pfd.. 72 71% 71% 72 Gulf States Stl. 46 45% 43% 46% Houston Oil .. 73 71% 72 71 Haskell Barker 77% 76% 77% 77% Ilinois Central. 98 98 98 98% lusp. Copper . 38% 38% 38% 38% Invincible Oil . 14% 13% 14 13 Int. Harvester .81 80% 80% 80% Inter. Nickel... 11% 11% 11% 11% Inter. Paper . 50% 49% 49% 49% Island Oil Trans. 2% 2% 2% 2% Kan. Citv Sou... 22% 22% 22% 22% Kelly-Spg’fld .. 36% 35% 35% 35% Kenti. Copper . 26% 25% 25% 25% Lack. Stl 45% 45% 45% 45% Lehigh Valley . 58% 57% 58 58% Lee Tire 27% 26% 26% 27% Loews. Inc 12% 12% . 12% 12% Loft Candy 9 9 9 9% L. ft N 108% 107% 107% 108% May Stores 103 103 103 104 .Marine com .... 14% 13% 14% 13% Marine pfd 86% 64 ” 66% 64% Mex. Petroleum 110% 108% 109% 108% Miami Copper... 27 28% 28% 26% Middle S. 0i1... 12% 12V 3 12% 13 Midvale Steel... 30% 29% 29% 29% Mo. Pac 16% 16% 16% 16% Nat. E. A- Stamp 34 33% .33% 34% N. Y. Air Brake. 60 60 60 N. Y.‘Central... 73% 72% 73% 73% New Haven .... 13Vs 12% 1.3% 12% Nor. ft West 96% 96% 98% Xor. Pac 75% 75% 75% 75% Pacific Oil 45% 44% 45% 44% Pure Oil 35% 85% 35% 35% Pan-Am. Petrol. 50% 49% 50% 40% Penna. Ry 33% 33 33 35 People's Gas 61% 01 61 61% Pierce-Arrow ... 1.3% 13% 13% 13% Pierce Oil C 0... 10% 10% io% 10% Pittsburgh Coal. 61 61 01 61% Pull. Pal. Car.. 106 105% 105% 105 Ry. Steel Spgs.. 66 95 % 90 95 Reading 72% 71% 72 71% Rep. I & Steel. 52% 51% 52% 52% Royal Dutch.... 50% 49% 49% 48% Sears-Roebuck . 62% 02% 02% 62% Sinclair 19% 19% 19% 19% Stuart War. .. 24% 24% 24% 25 South. Pac 78% 78% 79% 78% Southern Ry. .. IS 17% 17% 18 Stand. O. Calif.. 93% 93 93 93 Stand. Oil N, J. 172% 171 171 170 St. L. ft S. F. C. 21 20% 21 20% Strom, Carb .. 37% 36 37% 35% Studebaker 81% 79% 80% 79% Texas C. ft 0.. 24% 23% 24 23% Texas Cos 43% 42% 43 43% Texas ft Pac 25% 24% 25% 25% Tob. Prod 62% 61% 61% 62% Trans. Oil I<>% 9% 10% 10 Union Oil 18% 18 IS 17% Union Pacific .125% 125% 125% 125% United R. S. .. 52 50% 51% 50% U.S.F. P. Corp.. 8% 9% 9% 9% U. Fruit. Cos. ...122% 121% 122% 120% United Drug .... 71 71 71 71 U.S.lndusl Alco. 38 37 37% 37% U. S. Rubber... 5.3 52% 5.3 52% U. S. Steel R3 82 82% 82% U. S. Steel pfd.lls 115 115 114% Utah Copper... 61% 01% 61% 60% Van. Steel 4 31% 30% 31 30 T 4 Vir. Car. Chern. 28% 28% 28% 28% Wabash 6% 8% 6% .... Wabash It pfd. 20% 20% 20% 20% White Oil 9% 9% 9% 9% West. Union... 91 91 91 92% West. Electric. 50 49% 50 50 White Motors.. 36% 35% 35% 35% W-Overland .... 5% 5% 5% 5% Woolworth 137 137 137 1,37% West. Pacific.... 15% 15% 15% 16% NEW YORK LIBERTY BONDS. —.Tan. 6 Prev. High. Low. Closp. Close. L. B. 3%s 95.86 95.60 05.76 95.50 L. B. Ist 4s 97.10 97.00 L. B 2d 4s 96.66 96.40 96.60 90 40 L. B. Ist 4%5.. . 97 34 97.14 97 22 97.14 L B. 2d 4Vis 96 88 96 60 90.80 96 58 L. B. 3d 4%s 97.90 97.60 97.76 97.00 L. B. 4th 4%5... 07.40 97.12 97 28 97.10 Victory 3%s 100.08 100.00 100.0S 100.08 Victory 4%s 100.08 100.06 100.08 100.08 CHICAGO STOCKS. (By Thomson & McKinnon.) —Jan. 6. Open High Low Opm Armour pfd. ... 91% Armour Leather 12% Carbide & Carbu 43% 44% 43% 44 Libby 5% 6 5% 6 Nat. Lea 2% 2% 2% 2% Figgly Wiggly 30% 32 30 % 31% Sears-Roebuck 63 Stewart Warner 24% 24% 24% 24Vi Swift & Cos 95 95% 94% 95% I Swift Int 21% 22 21% 21%
STOCK MARKET TONE IS STEADY Rail Shares Fractionally Lower—Studebaker Strong. NEW YORK, Jan. 7.—The stock market opened steady. United States Steel was % of a point at 82%, while Baldwin Locomotive showed a gain of % of a point at 95%. Mexican Petroleum started % of a point higher at 310% and then lost all this gain. The railroad shares were fractionally lower, St. Paul preferred showing a loss of % of point at 30%. International Paper moved up % of a point to 50% and Famous Players Laskey showed a gain of % of a point at 76%. Chandler Motors started % of a point higher at 50 and Studebaker improved % of a point to 80%. American-Sumatra Tobacco was in demand, moving up % of a point at 34%. (By Thomson ft McKinnon.) —Jan. 6 The stock market was decidedly less active and at frequent Intervals there was a tendency toward dullness. Following an aggressive selling movement, this feature ordinarily could be construed as favorable. So far as sehtiment -is concerned, however, was can denote no material change. In local professional circles there is still a tendency toward the selling side. From commission house circles there was a moderate Improvement In the demand today, but at no time did this demand assume important proportions. There can be little doubt but that confidence was badly shaken, and It will take a little time to overcome the effect of the bearish developments of the past few weeks, such as the passing of dividends. the price cutting in the automobile industry, some poor corporate reports and allowance must be made for further reports that all will reflect the unsatisfactory conditions of the past year. The one favorable element has been the easy money market, ample supplies of funds and reasonable rates. We have no doubt but that at a favorable time during the present year we will have such proposals In reference to merger as will appeal strongly to the Investing public and bring into the market a demand that will result in a prolonged period of activity, but at the present time we must deal with the technical position of the market which, to us, seems unsatisfactory and we are there fore inclined to the opinion that for the present it Is still advisable to market long stocks during strong ma.ket periods. • TWENTY STOCKS AVERAGE. NEW YORK, Jan. 7.—Twenty industrial stocks Friday averaged 78.06, up .23 per cent. Twenty active rails averaged 73.65, up .09 ptJ cent CLEARING HOCSH STATEMENT. NEW YORK, Jan. 7. — Exchanges yesterday were: $865,800,000; balances, $79,400,000; Federal Reserve Bank ciedit balances. $57,900,000
Money and Exchange Indianapolis bank clearings Friday were $3,228,000. Bank debits were $5,807,000. NEW YORK, Jan. 7.—The foreign exchange market opened steady today. Demand Sterling was %c higher at $4.20. Francs were % centimes higher at 8 03c cables and to 8.02 c for checks. Lire were unchanged at 4.32 c for cables and 4.31 c for checks. Belgians francs ad--4.31c for checks. Belgian francs advanced 3 centimes to 7.70 c for cab’es and to 7.69 c for checks. Marks were up % point to ,0054 c. Guilder cables were 36.6ic; checks, 36.82 c. Sweden kronen cab ,c*B were 24.74 c; checks, 24.69 c. NEW YORK CALL MONEY. NEW YORK, Jan. 7.—Money—Gall money yesterday ruled 4% per cent; high 4% per cent; low, 3% per cent. Time rates steady all D@s% per cent . Time mercantile paper, steady. Sterling exchange was steady, with business in bankers' bills at $4.19 for demand. MOTOR SECURITIES. (By Thomson A McKinnon) —J an. C——Closing- - Bid. Ask. Earl Motors 4% 6% Packard com 6% 7% Packard pfd 62 65 Peerless 34% 36 Continental Motors com 5% 8% Hupp com 10% 11 Reo Motor Car 17% 18% Elgin Motors 1% 2% Grant Motors 1% 1% Ford of Canada 255 258 International Motor com 20 27 National Motors 1% 2% Federal Truck.... 14 16 Paige Motors 12 13% ACTIVE OIL STOCKS. (By Thomson ft McKinnon) —Jan. 7 —Opening— Bid. Ask. Anglo American Oil 16% 17% Atlantic Lobos S 8% Borne Scr.vmser 320 34 Buckeye Pipe Lien 84 88 Chesebrough Mfg. Cons 175 190 Continental Oil. Colorado ..125 130 Cosden Oil and Gus 6 8 Crescent Pipe Line 76 78 Cumberland Pipe Line 115 125 Eureka Pipe Line 77 80 Galena-Signal Oil, Pref 99 103 Galena-Signal Oil, Com 40 42 Illinois Pipe Line 158 103 Indiana ripe Line S3 84 Merritt Oil 8% 8% Midwest Otl i.. 2% 3 Midwest Rfg 165 175 National Transit 28 29 New York Transit 140 143 Northern Pipe Lina 90 94 Ohio Oil. 260 265 Oklahoma P. & R 5% 6 Perm. Mex 17 18 Prairie Oil and Gas 635 545 Prairie Pipe Line 225 230 Sapulpa Refg 33% Solar Refining 330 350 Southern Pipe Line 74 77 South Penn Oil 180 190 Southwest Penn Pipe Lines .. 50 54 Standard Oil Cos. of Ind. .. 84% 85% Standard Oil Cos. of Kan. .. .560 575 Standard Oil Cos. of Ky. ...435 445 Standard Oil Cos. of Neb. ...160 ISO Standard Oil Cos. of X. Y. ...352 357 Standard Oil Cos. of Ohio 380 395 Swan & Finch 30 40 Vaeunm Oil 300 310 Washington Oil 30 35 NEW YORK CURB MARKET. (By Thomson & McKinnon.) —Jan. 6. —Closing— Bid Ask Acme Packing 40 60 Curtis Aero, com 2 3% Curtis Aero, pfd 18 23 Goldfield Con 2 5 Jumbo Extension 8 6 Imperial Oil (Del) 9% 9% International Pet 15 15% Nipisslng 6% 6% Standard Motors 3% 4 Sait Creek 12% 13% Tonopah Extension 9-9-10 1% Tonopah Mining 1% 1% United P S new 1% 1% U. S. Light and Heat 85 90 U. S Light and Heat pfd 1 1% Wright-Martii 2 5 Yukon Gold Mine Cos 1 1 % Jerome 26 33 New Cornelia 17% 18% United Verde 28% 29% Seqn.toynh 2 o Omar Oil 77 79 Rep. Tire 10 20 Boston & Mont. 8o 86 NEW YORK SUGARS. NEW’ YORK, .Tan. 7.—Raw sugars were firm in trade on the market yesterday, Cuhas selling at 3.42 c per pound, duty paid, white Porto Ricos were quoted at 3.30 c per pound, delivered. Refined sugars were in fair export demand at steady prices. Fine granulated was quoted at [email protected] per pound and No. 1 soft at 4.90 c. NEW YORK COFFEE. NEW’ YORK, Jan. 7. —Coffee values were steady in trade on the exchange here yesterday, opening options being unchanged to 3 points higher, ltlo No. 7, on spot, sold at 9%c per pound. NEW YORK RICE. NEW YORK, Jan. 7. —Rice values were firm in trade on the market here yesterday, domestic being quoted at 3%®7%c per pound. NEYV YORK WOOL. NEW 7 YORK, Jan. 6.—W00l prices were stead;’ ugajA in trade on the market here today.^
INDIANA DAILY TIMES, SATURDAY, JANUARY 7,1922.
New York Bonds (By Fletcher-American Company.) —Jan. 6 FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (unlisted) ss, Sept. 1, *45. 72 73% Arg. 7s, Oct., '23 97%* 97% Belgian 6s, Jan. 1. ’25 94% 95 Belgian 7%5, June 1, '45 103% HU Belgian Bs, Feb. 1. '4l 104% 106% Berne Bs, Nov. 1, ’45 108 108% Brazil Bs, June 1. ’4l 104 104% Chile Bs. Oct. 1, '2O 99 99% Chile Bs, Feb. 1, '4l 100% 101 Chile Bs, Nov. 1, '46 100% 100% Christiania Bs. Oct. 1, '45 106 108 Copenhagen 5%5, July 1, '44.. 85 % 86% Danish Mud. Bs. Feb. 1, '46....106 106% Denmark Bs. Oct. 15, '45....... 107% 103 •Canadian 5%8, Dec. 1, '22... 93% 95 •Canadian 5%5, Nov. 1, ’23.... 93 % 94% •Canadian 5%5, Nov. 1. '24.. 92% 94 •Canadian ss, Dec. 1, '25 91 92% Canadian ss, April 1, '26 96 96% Canadian 6%5, Dec. 1. ’27 94% 95% Canadian 5%5, Aug. 1, '29.... 90% 97 Canadian ss. April 1, '3l 94% 95% •Canadian ss, Oct. 1, '3l 91% 92% Canadian 5%5,. Nov. 1, '33 95% 97 •Canadian 5%5, Nov. L '34 92% 94% Canadian ss, March 1. '87... 94% 95% •Canadian 5%5, Dee. 1, '37 98 99% •French (Viet.) ss, Opt., '31.... 61 62% •French 4s, Opt., '43 48% 49% French 7%5, June, '4l 94 94% French Bs, Sept. 15. '45 99% 99% •Italian (W’ar) 5s 32 33 Janp. (First) 4%5, Feb. 15, '25 87 87% Jap. (Second) 4%5, July 10,'25 86% 87% Janp. 4s, Jan. 1, ’3l 72% 73% Mexico os, Jan,, '45 54 % 50 Mexico 4s, Jan., ’54 4040% Norway Bs. Oct. 1. '4O 108 109% Queensland 7s, Oct. 1, '4l 106 107 Rio de Janeiro Bs, Oct., '46. ...101% 101% Sao Paulo Bs, Jan. 1, '36 101 101% Swedish 6s, June 15, '39 94% 95 Swiss 5%5, Aug. 1, '29 95% 96% Swiss Bs, July 1, '4O 114% 115 U. K. 5%5, Nov. 1, ’22 100% 100% U. K. 5%5, Aug. 1, ’29 99 99% U. K. 5%5. Feb. 1, ’37 96 % 96% Uruguay Bs. Aug. 1, ’46 103 103% Zurich Bs, Oct. 15, ’45 107 108% •Internal Loans. CORPORATION BONDS. Bid. Ask. Allied Packers 6s 59% 59% Alum. Go. of Am. 7s. Nov. ’25.100 100% Am. Cotton Oil 6s, Sept. 2, ’24 93% 94% Amer. Tel. 6s, Oct*-’22 ll*t% 100% Amer. Tel. Cs, Feb. '24 99% l 1 *) Amer. Tel. & Tel 6s, '25 108% 108% Am. Thread 6s, Dec. '2B 90% 100% Amer. Tob. 7i, Nov. '22 100% 101% Amer. Tob. "s, Nov. '23... *lOl% 102% Anaconda 6s, Jan. '29 90% 98% Anaconda 7s, Jan. ’29 100% 101 Anglo Amer. Oil 7%*, A. ’25.102% 103 Armour 7s, July 15, '3O 101% 101% Atchison Gen. 4s 85% 85% Atlantic Ref. 6%5, Mch. ’31...103% 104 Bell Tel. of Can. 7s, Apr. ’25.100 100% Beil of Pa.' 7s 106% 108% Beth. Steel 7s, July 15, ’23.. 100% 100% Can. Pacific 6s. Mch. 2, ’24.. 99% 100% Can. Nor. 6%s 107% 108% Can. Nor. 7s 108% 109% Cent.'Arg. Ry. 6s. Feb. ’27.. 89)4 90% C. B. Q. Gen. 4s 86 86% C. B. Q—III. 3%s 77% 78 C. B. Q. —Neb. 4s 93 94 C. B. Q.~Jt. 6%s 106 10(!% C. & N. W. 6%s I(7Vi 197% C. * N. W. 7s 105% 106% C„ R. I. & P. 6s, Feb. ’22.. 99% 100 Col. Graph. 8s 35% 35% Con Gas 7s, Dee. 22..,. 100% 101 Copper Exp. Bs. Feb. 15, ’22.100 100% Copper Exp. Bi, Feb. 15. '23..1(>‘ 7 101% Copper Ex Bs, Feb. 15. '24... 192% 103 Copper Exp. Ss. Feb. 15, '25.103% 101% Cuban Am. Sugar He 101'., 102 Cudahy 7s, July 15, '23 100% 100% Du Pont 7%s 103% lot Fed. Sugar Os, Nov. '24 97 97% Fisk Tire 8s 99% 100% Goodrich 7s, Apr. ‘25 96% 96% Goodyear Ist Bs, '4l 110% 110% Goodyear Deb. Ss, '3l 98% 99% Grt%r Northern 7s 197% 1u7% Grand Trunk 0s 99% ioo% Grand Trunk 6%s 102% 103% Grand Trunk 7s 108% 109% Gulf Oil 6s, July '23 09% 100% Gulf Oil 7s. Feb. '33 102% I' 7 % Hein* 7s, Dec. '3O 103% 104% Hocking Val 6s. Mch. '24 . 96 % 97% Humble Oil 7s. Mch. 15, '23.. 09% I**o% 111 Cent. Ref 4s, '55 .82 % 82% Inter, Met 4%s 9% 10% Interboro 5s 54% 55% Int. R. T. Bs, Sept. '22 73 75 K C. Term os. Nov. 15, '23.. 99% 10* Keily-Springfleld 8s 101% 102 Kenn. Copper 7s. Feb. '30.,.101% I**l% Laclede Gas 7s. Jan. '29... 96% 97% L. & N. 7s, '3O 10*’.% 100% Libby McNeil 7s. May. '31... 98% 99% Me*. Per 8a 98% 99% M. St. P. * S S. M. 6%i 100% 101 N. V. Central 7s, '3O 105 V. 106 N Y. Tel Ref 6s. '4l 102 102% N. Y. Edison 6%5. '4l 106% 106% Nor. Pac. P. L. 4s 84% 84% Nor. I’ac. (J L. 3s *lO 02 Nor. Pac. 6s 106 100% Pan Amer. Pet. 7s 00 90% Penn. 6%s 103% 104% Penn. 7s 105% 105% Philippine 5%5, ’4l pfd 105. Proctor & G. 7s, Mch., 22..100 I<'o% Proctor ft G 7s, Mch. ’23...101% 101% Public Ser. N. J. 7s. Mch., ’22.99% 100% R. J. Reynolds 6s. Aug. ’2...100% 100% Seaboard Con. 6s 41% 42% Sears Roebuck 7s, Oct. 15. ’22. 98% 99 ■Scars Roebuck 7s, Oct 15, '23 97 % 98 Sinclair 7%5, May 15, ’25 98% 08% Solvay ft Clc Bt. Oct. '27 102 I<>3 Southern Ry. 6s, Mch.. '22. . 99 99% St. L.-San Fran. P L. 45.... 68% 68% St. L.-San Fran. Adi. 6s 71 71 1 6 : St. P. U. D. 5%s Dec. 15 ’23 97% 09% S. O. (N. Y ) 7s, Jan. ’23-'31104% 110 S. O (X. Y i 6%5, May, ’33.106 106% B. W. Bell Tel 7s. Apr. ’25.100% 100% Stand. Oil (Cal ) 7s, Jan. '31.-105% 106% Steel ft- Tube 7s 97% US% Swift 7s Oct 15, '25 100% 100% Swift 7s. Aug 15. '3l 101% 101% Texas Cos. 7s, Mch 1, '23 101 101% Tidewater Oil 6% 100% 100% Union Tank Car 7s '...102% 103% U. S. Rubber 7%s 105% 10564 Utah Sec. fls, Sept. 15. '22 95 % 96% Vacuum Oil 7s 9*l 96% Vn Car Chem 7%s 9! 94% Western El. 7s. Apr. '25 103% 103% W’estern Union 6%s 106% 106% Westinghoj <e 7s, May. ’3l 105 105% Winchester 7%s pfd 99% Big Four (is 95% 06% Wilson 7%s 92% 93
In the Cotton Market NEW YORK, Jan. 7.—The cotton market opened q’liiot and irregular yesterday, March being 3 points higher and other months 1 to 4 points lower. New Orleans, local and Liverpool houses were sellers, while spot concerns bought. The list failed to rally after the start. New York opening cotton prices: January, 18.40 c; March, 18 32c; May, 17.85 c; July, 17.29 c; October, 16.47 e. Weakness developed again in the last hour, prices falling to within 10 points of the early low levels. There was a rally near the close, which was very steady and showed net loises of 8 to 19 points. Open High Low Close Jan 18.40 18.42 18 06 18.32 March 18.32 18.33 17.98 18.17 Mav 17.85 17.80 17.50 17.70 July 17.29 17.32 17.00 17.16 Oct 16 47 10.50 10.25 16.40 —Cotton Review— NE WYORK, Jan. 6.—The cotton market was subjected to considerable pressure again today and influenced to a very great extent by the circulation of rumors with reference to the financial difficulties of merchants and the report of a bank failure in St. Louis, whiqh proved to be a small Institution. Later in the day a steadier market resulting from a covering demand and the expectation of bullish statistics, spinners takings for the week being estimated at 310,000 bales, against 268.000 last week and 297.000 for the corresponding week last year. Should spinners continue to take cotton at the present rate of increase a yery strong situation will ultimately develop and should we have any encouragement from planters with reference to acreage, a higher level of values could easily be established, and for this reason a substantial demand may be anticipated In the event of a further reaction in the market. —Cotton Futures— LIVERPOOL, Jan. 7. —Spot cotton was In limited demand at the opening of the market here yesterday. Prices were steady and sales around 4,000 bales. American middlings, fair, 13.41d; good middlings 11.790 ; full middlings, 11.39d; low middlings, 9.89d; good ordinary, 7.59d. Futures opened steady. TOLEDO SEED PRICES. TOLEDO, Jan. 6.—Cloverseed—Cash, sl4; January, $13.75 bid; February, sl3 80 bid; March, $13.70; April, $12.75 bid. Alsike —Cash, $11.40; February and March. $11.50. Timothy—Cash and January. $3.20- February, $3.25; March, $3.30.
SWINE STEADY TO 25 CENTS HIGHER Cattle Values Are Strong— Calves Steady to* Weak. RANGE OF HOG PRICES. Good Good Good Deo. Mixed. Heavy Light 29. ?7.60@ 7.85 $7.50® 7.65 $7.85® 8.25 80. 7.25® 7.59 7.00 7.80@ 8.25 31. 7.25® 7.60 7.00 7.85® 8.25 Jan 2. 7.25® 7.60 7.00® 7.50 * 00® 8.25 8. 7.50® 7.75 7.00® 7.50 B.oo® 8.25 4. 7.50® 7.80 7.00® 7.50 B.oo® 8.25 5. 7.75® 8.00 7.50® 7.75 B.oo® 8.25 6. B.oo® 8.25 7.85® 8.00 8.25® 8.50 Swine prices were steady to 25 cents higher In trade on the local stock ex® change today, with receipts light and the shippers showing good demand. Receipts for the day were only 4,500 and practically all of the receipts were sold before the close of the forenoon. Heavy swine were steady generally, mixed and mediums 15 to 25 cents higher and lights and pigs 25 cents higher. Receipts of cattle Were extremely light. Trade was fairly active and prices strong generally. There were close to 100 cattle on the market. Cattle were steady to weak, with receipts light, the quality only fair and the demand rather slow. Receipts for the day approximated 200. Both sheep and lambs were stendy, with the quality fair and the receipts light at 150. HOGS. Best light hogs, 150 to 180 lbs. average $ 8.75® 9.00 Over 300 lbs 7.50% 7.75 150 to 300 lbs 7.75® 9.00 Sows 6.00® 6.50 Stags 5 00® 5.50 Best pig;, under 140 lbs 8.50(3 9.00 Bulk of sales 8.25® 8.75 Tops 9.00 —Cattle l — cornfed steers, 1,300 to 1,800 lbs 7.25® 8.50 Good to choice steers, 1,200 to 1,300 lbs 6.00® 7.00 Good to choice steers. 1,100 to 1,200 lbs 5.50® 6.00 Good to choice steers, 1,000 to 1,100 lbs 5.00® 5.50 Common to medium steers, 800 to 1.000 lbs. 4.50® 5.00 —Cows and Heifers— Good to choice heifers 6.50® 8.00 Medium heifers 4.00® 5.00 Common to medium heifers.. 3.50® 5.00 Good to choice cows 8.25® 5.50 Fair to medium cows 1.25® 2.75 Cutters 1.50® 2.50 Canners .75® 1.75 —Bulls— Good to choice butcher bulls. 3 75® 525 Bologna bulls 3.25® 8.75 Light bologna bulls 2.75® 3.00 Light to common bulls 2.50® 2.75 Choice veals 11.00® 12 00 Good veals 10.00® 11.00 Medium veals 8 o*i® 9.00 Lightweight veals 7.00® 8.00 Common to heavyweight veals 4.00® 7.00 —Mockers and Feeders— Good to choice steers under 800 lbs 4.50® 4.75 Medium cows 2.00® 3.50 Good cows 3 s"® 4.25 Good heifers 5.00® 6.50 Medium to good heifers 4.uo® 4.70 Milkers [email protected] —Sheep and Lambs— Ewes I.oo® 3 00 Bucks 2 50® 3 o<l Good to choice lambs 9.00® 1 1.-*o Seconds 7.00® 8.75 Buck lambs 6.00® 700 Culls 4.00® 5.00
Other Livestock CHICAGO, .Tan. 7.—Hogs—Receipts. 5,000: market active and mostly 15© 49c higher; bulk of sales, $8.25®5.50; top, $8.75; heavies. $7.60®7.90: mediums. $7.;v5 @8.40; lights, $8.35®8.75; light lights, $8 60®8.75; packing sows, smooth, $8.25 ®7 : packing sows, rough. S6®U.4U; pigs, $8.r,0®8.83. Cattle—Receipts, 300; mar ket steady Sheep and lambs—Receipts, 3,500; market steady. CINCINNATI, Jan. 6.—Hogs—Receipts. 3,200; market, active and 25 to 50c higher; heavies. $8®8.25; mixed, $8.50: mediums. $5.75®9; lights and pigs. $9 50: roughs, $0.50; slugs, $4.50. Cattle —Receipts, 250; market, steady : bulls, steady ; bulls, st-ady; cubes, sl2 Sheep and lambs--Rece!pts, 500; market, strong; ewes, $ 1 ©4; few, $4.50: bucks, $3; choice lambs, sl2® 12.50; seconds, sß® 8.50; culls, ss®6. CLEVELAND, Jan. 6. Hogs- Receipts, 3,oo0; market 15e to 25c higher; yorkers, $8.75; mixed, [email protected]; mediums. [email protected]; pigs. $9. roughs, $6; stags, $4 Cattle—Receipts, 250; market stendy; good to choice steers, $7.75®8 75: good to choice heiters, $4.75®f1.76; good to choice cows, $3.25®4.25; fair to good cows, $2.25®3.26; common cows, $1.25® 2.25; good to choice bulla, $3 75®4 75; milkers, $50®90. Sheep and lambs Receipts, 1,000; market, active and .Tie higher; top, $12.75. Calves—Receipts, 200; rnarke 50c lower; top, sl2. EAST ST. LOUIS, Jan. 7.—Hogs—Receipts, 6,500; market, steady to 15 ot 25c higher; mixed and butchers, $8®.8.25; good heavies, $7.85®i8; roughs, $5 85® (5.25; lights, $8.50®8.90; pigs, $8.25®9. bulk of sales, $8®8.35. Cattle—Receipts. 250; market, steady ; native beef sters, $7 ®7.50; yearling steers and heifers, $7.50 @7.75; cows, [email protected]; Stockers and feeders, $4.25® 5.25: calves. $2.50®9.50; canners and cutters, $2.25®3 25. Sheep and lambs—Receipts, 150; market, nominal. EAST BUFFALO, Jan. 6.—Hogs—Receipts, 5,600; market active vorkers. [email protected]; pigs, [email protected]; ml see $8.50(39; heavies, S7.SO®S 50; roughs, s6@6 50; stags. [email protected]. Cattle—Receipts. 325; market glow; shipping steers. [email protected]: butcher grades, s7@B; heifers, s4®7: cows. $2 25®5; bulls, $3.50®5.25; feeders. s4®s; milk cows and springers, $40®115 Calves —Receipts, 1,500; market active; cull to choice, $4.50®13 50. Sheep and lambs—Receipts, 4.000; market active and steady: choice liMnbs. [email protected]; cull to fair, s7© 12.50; yearlings, $8®11; sheep, $2.50@5. PITTSBURGH, Jan. 7.—Hogs—Receipts, 1,500; market 25@50e higher; prime heavies, $.8,50© 8 75 : mediums, $9.30 ©9 40; heavy ’ yorkers, $5.30®9.40; light yorkers, $9.40©9.50; pigs. [email protected]; roughs, so@7; stags, $3®4.60; heavy mixed, $8.75®9. Cattle—Receipts light; market steady; choice. s7.s(>®B; prime, sß© 8 50; good, $7.50©8; tidy butchers, $7®7.50; fair, [email protected]; common, $-l@s; common to good fat bulls. [email protected]; common to good fat cows, [email protected]; fresh cows and springers, $35©85; heifers. $4 25®0.50; veal calves, sl3; heavy and thin calves, sß@9. Sheep and lambsReceipts, 700; market steady; prime wethers, s6® 0.50; good mixed, [email protected]; fair mixed, $4.50@5; coils an dcommons, s2@3; choice lambs, $13.25. CHICAGO PRODUCE. CHICAGO, Jan. 7.—Butter—Receipts, 5.200 tubs; creamery extras, 35c; packing stock, 18©20c ; firsts, 34c. Eggs—Receipts, 4,200 cases: current receipts, 85© 3(ic; ordinary firsts, 32@34e; firsts, 37® 87%c; checks, 20@28c: dirties, 28@30c. Cheese —Twins, new, 20e; daisies, 20® 20%o; voung Americas, 20%c; longhorns, 20® 20%c; bricks, 17c. Live poultry— Turkeys, 35c; chickens, 17© 18c: springs, 25c: roosters, 17c; geese, 21c; ducks, 21c. Potatoes - Receipts. 23 cars; Wisconsin round whites, $1.95©2.15 per l. r >o-lb, bag; Minnesota and Michigan round whites, [email protected]; Idaho Russets, [email protected].
CIKVELANII PRO DUCK CLEVELAND Jan. 7.—Butter—Extra, In tubs, 43%@4t0; prints, 42%@43c: extra firsts. 42%@43c; firsts, 41%@44c; seconds, 34@34%c; packing stock, 23<g 24V.C. Eggs—Fresh gathered, northern extras, 45c; extra firsts, 44c; Ohio firsts, new cases. 38c; old cases, 44c; western firsts, new cases, 43c. Poultry- Live, heavy fowls. 29@30e; spring culls, 23@ 25c; spring ducks, 82c; turkeys, 38@tSc Potatoes —Michlgans. $2.80 for 150-lb. bag; Early Chios. SI.OO for 120-lb. bag. Sweet potatoesr-Jerseys. $2,10 per hamper, NEW YORK TURPENTINE. NEW YORK, Jan. 7.—Turpentine sold at 87%c per gallon In trade on the market here yesterday. "BKANDERS” NfW SECT. ROME, Jan. 7. —The police have discovered anew sect here. The members, men and women, brand themselves with a cross on the chest. The sect calls Itself the “liranders.” Several members have died from burns iiJKicted by the branding iron
TRADE IN GRAINS IS FEATURELESS Strength in Hogs Reflected by Provisions. CHICAGO, Jan. 7.—Wheat in trade val slow and featureless at the opening of the market here today. , May wheat was % to %u lower and July %c off. , Dullness prevailed In corn with prices unchanged to a shade easier. There was a lack of selling pressure in oats and opening prices were steady to a shade higher. Strength in hogs was reflected In provisions, which opened higher. (By Thomson ft McKinnon.) —Jan. 6.—Wheat—A considerable falling off in the movement of wheat from the country, together with a show of strength In the cash article at milling centers have kept undertone of market firm, but it cannot be said that there is any broadening of general interest, In fact the trade itself has no firm convictions and anticipates an erratic, uncertain market within a narrow range. Export trade is very quiet. New bids are said to be several cents out of line and there being some small amounts re-sold at below a replacement basis. A local miller cleaned up all the dark northern spring wheat in this market yesterday, but other interests purchased a like quantity today from Minneapolis at a relatively cheaper price. Between a steady lessening of receipts and an Improved milling Trade on one hand ond the utter sbsence of export demand on the ether, the market is not likely to disclose any definite trend of prices, pending developments of the future. Corn and Oats —Receipts of corn seem falling off, while the export demand was again rather brisk. Sales reported from here totaling 280,000 bushels, and the seaboard estimating an aggregate of 300,000 bushels. The undertone of both corn and oats is healthy for the reason that there is not and has not been any undue or unwarranted investment buying. It is the general Idea that prices are dragging around the bottom, aod will, in time, he more to the liking of the producing section. Provisions—Considerable strength was shown In hogs today. The advance may stimulate movement from the country, but it is likely that a good demand, both from packers and shippers, will be uncovered if any easiness in prices. The provision list continues to display a steady undertone, as it is not called upon to accept any hedging saies. CHICAGO GRAIN TABLE. —J an. 6 WHEAT— Open. High. Low. Close. May.... 1.12 1.12% 1.11% 1.11% Cos UN Lol tt 1-01% 1.00% 1.00% May 53% .53% .53% .53 July 54% .54% .54% .54% OATS— May 38% .38% .38% .38% Julr 38% .39% .38% .38% POH K—•Jan 15.07 LARD— Jan 8.75 8.77 8.70 8.75 May.... 9.15 9.15 9.10 912 RIBS—•Jan.... .. 7 87 May.'."!! 8.05 ’8.05 ‘iw 8.00 RYU - May 84 .84% .84 .84 •July 77% •Nominal. CHICAGO CASH GRAIN. CHICAGO. Jan. 6.—Wheat—No. 2 mixed. $1 11; No. 3 red, $1.10; No. 2 hard yellow. $1.07%. Corn—No. 2 mixed. 47% @4B%e; No 2 white, 47%@4.8c; No. 2 yellow. 47%©49c; No. 3 mixed and No. 3 1 yellov.', 46%©17%c; No. 3 white. 4<J%@ \ 47 c; No. 3 mixed, 44%®45%c: No. 4 1 white, and No. - 1 vellow. 45®40%c. Oats No. 2 white, 36®36%c; No. 3 white, 33% @3sc; No. 4 white, 32%@33c.
TOLEDO GRAIN PRICES. TOLEDO, Jan. 6.—Wheat—Cash, *l.lß @U9; May. *1.21%; July, $106%. Corn —Cush. 61 ©32c. Oats—Cash. 40@42c. Ilye —Cash, S4c. Barley—Cash, 62c. PRIMARY MARKETS. (By Thomson ft McKinnon.) —Jan. 6 —RECEIPTS— Wheat. Corn. Oats. St Joe 9,000 31.000 2,000 Ghicago 17.000 474.000 130,000 Milwaukee ~ S.OOO 63.000 44,000 Minneapolis . 106,000 61,000 64.000 Duluth 55,000 106,000 19 KiO St. Lvuls .... 6,00*4 82.000 60.000 Toledo 1.0*40 9.000 2,000 Detroit 4,000 4.000 Kansas City . 95.000 28,000 9,000 Peoria 4,00 * 84j*)0 25.000 Omaha 26,000 196.0*K) 14.000 Indtauapolis . 3,000 128.000 10,000 Total* 888.000 1.258.000 379."00 Year ago ..1.002,000 1.002,000 542,000 —SHIPMENTS— Wheat. Corn. Oats. St. Joe 18.000 8,000 Chicago 20.000 266.000 151,000 Milwaukee .. 3,00 90.000 27.000 Mlneapolls ... 58.00*1 33,00*4 70 o*4o St. Louis ... 62.000 69 000 76.00*) Toledo 1.000 6,000 Detroit 7.000 2,0014 Kan ias City . 173,000 85 000 19.<>00 Peoria 1.000 115,000 43.000 Omaha 10,000 91.000 20,000 Indianapolis . 3.000 22,000 26.000 Totals 848.000 820.000 434.000 Year ago .. 768,000 386.000 417,000 —CLEARANCES— New Tork . 134.000 143.000 80.000 Boston 90.0*40 50,000 Philadelphia .307,000 Baltimore ... 120,(XX) 94,000 New Orleans 189.000 ...... Galveston ... 224,000 Totals 835.000 426,(F0 80,000 Year ago .1,311,000 32.000 INDIANAPOLIS CASH GRAIN. —Jan. 6 Bids for car lots of grain and hay at the call of the Indianapolis Board of Trade were; Wheat—No sales. Corn—Firm; No. 3 white. 49%®50%e; No. 4 white, 48%@49%e; No. 3 yellow, 48%®49%c: No + yellow, 47%@48%e; No. 3 mixed, 47@4Sc; No. 4 mixed, 46%@ 47c. Oats—Firm: No. 2 white, 88@S9e; No. 8 white. 36%@37%c. Hay—Stendy; No. 1 timothy, sl7 50® 18: No. 2 timothy. [email protected]; No. 1 light clover mixed, sl6 50@17; No. 1 clover. slo® 20. —lnspections Corn —No. 8 white, 3 cars; No. 4 white, 12 cars; No. 5 white, 1 car; No. 0 white, .3 cars: No. 3 yellow. 5 cars: No. 4 yellow. 17 cars; No. 5 yellow, 13 cars; No. 6 vellow, 11 cars; No. 4 mixed, 8 cars; \o. 5 mixed. 5 ears; total, 78 cars. Oats—No. 2 white, 2 cars: No. S white, 1* cars; No. 4 white, 5 cars; total, 17 ears.
HAY MARKET. 'be following are the Indianapolis f, rice a for hay by the wagon load deivered: Hny-Loosc timothy, $16.00® 17; mixed hay, $15@16; baled hay, sl7@lß. Oats —Bushel, new, per bushel. 32<335c. Corn —Old, per bushel. 54®60e. WAGON WHEAT PRICES. Indianapolis flour mills and elevators today were paying sl.lO per bushel for No. 1 red winter wheat; SI.OB for No. 2 red winter and according to test for No. 3 red winter. Oats were quoted at 27c per bushel for No. 3 white or better. INDIANAPOLIS PRODUCE. Butter—Local dealers are paying, 40a 41c per lb. for butter delivered la i nd £ auapolls. Eggs —Loss t If, 47c. Butter—p tc k. tug a lock, 17c. Poultry—Fowls, 16(” 3c . springs, l9c ! cocka, 11Q 12c, stags, I3e’ >0 uug hen turkeys, 8 Iba. and up, 39/. young tom turkeys, 12 lbs. and up’, 38c.' old tom turkeys, 33c; cull thin turkeys not wanted; ducks, 4 lbs and up lbs; ducks, 4 lbs. uud up. 18c; geese To lbs and upl4c; rabbits, drawn, n er doften $2.50; squabs, 11 lbs to dozen, $0; young guineas, 2 lb. size, per dozen. $7 @B. old guineas, per dozen. $5. Butterfat —Local dealers are paying 42c per pound for all butterfat delivered In Indianapolis. WHOLESALE BEEF PRICES. The following are today’s wholesale prices for beef cuts as sold on the Indianapolis markets of Swift & Cos.; Riba —No. 1,18 c; No. 2,15 c. Loins—No. 1, 22e: No. 2. 18c. Rounds—No. 1,14 c; No. 2, 12c. Chucks —No. 1,9 c: No. 2, Bc. Plates —No 1. 8c; No. 2. Bc. NEW’ YORK HIDES. NEW YORK, Jan. 7.—HJde prices were firm again in trade on the market here yesterday. Native steer hides were quoted at 1534 c and branded steer hides at 15%c per pound.
Local Stock Exchange | —Jan. 7. STOCKS. Bjd. Ask. Ind. Ry. A Light com 60 Indt Ky. & Light pfd 75 Indpls ft 6. E pfd 60 ft N w pfd 60 Indpls St Ry 89 45 T. H„ T. ft L. pfd * T. H., i. ft E. com 5 * - I-- p.o 12 U. T of Ind. com M . 1 U. T. of Ind. Ist' pfd 7 U. T. of Ind 2d pfd 2 Advance-Rumely c0m....,,.. , M . Advance-Rumely pfd Am Creosoting pfd 92 Am. Central Life 175 Belt R. R. com 64 72 •Belt B, R. pfd 47% ... Century Bldg. Cos. pfd 92 ... Citizens Gas Cos 25% 27% Dodge Mfg. Cos. pfd •Home Brewing 43 ... Ind. Hotel con. 65 •Ind. Hotel pfd 95 ... Indpls. Nat. I js. Cos 3% ... Ind. Title Guarantee Cos 45 Ind. Pipe Lints 82 85 Indpls. Abattoir pfd 41 50 •Indpls Gas 44 50 Indpls. Tel. com 2 Indpls Tel. pfd 90 Mer. Pub. Util, rfd 48% 56 Natl. Motor Car Cos 3 Pub. Sav. Ins Cos 4% ... Rauh Fertilizer pfd 43% ... Standard Oil of Indiana 83 87 Sterling Fire Ins. Cos 7 8 Van Camp Hdw pfd 100 Van Camp Packing pfd 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal Cos. com ... 3% Vandalia Coal Cos. pfd 4 8 Wabash Ry. pfd BONDS. Broad Ripple 5s 55 Citizens St. Ry. 5s 71 76 Indian Ck. Coal and Mine 100 Ind. Coke & Gas 0s 82 89 Indpls. C. ft S. 5s 91 Indpls. ft Martinsville 55.... 56% ... Indpls. North 5s 43 Indpls. ft N. W. 5s 49% 54 Indpls. ft S. E 5s 45 Indpls. S. ft E 5s 75 Indpls. St. By. 4 55 62 Indpls. T. ft T. 5s 74% 79 T. H.. I. ft E. 5* 50 U. T. of Ind. 6s 51 Citizens Gas 5s 81% 91 Indpls. Gas Cos 81 91 Kokoino M. ft W. 5a 81 90 Ind. Hotel Cos 2d 0e 95 Indpls. L. ft H 5l 81 91 Indpls. Water Cos. ssv 92 99 Indpls. Water Cos. 4%5...... 75 84 Mer. H. ft L. 5s 96 98% New Tel. Ist 8s 95 New Tel. L. D 3s 94 Sou. Ind. Power 5s 88% •Ex-dividend.
FOREIGN STOCK MART INACTIVE Dollar Rails React in Trade on London Exchange. Special to Indiana Dally Times and Philadelphia Public Ledger. LONDON, Jan. 7. —The stock market was inactive and irregular in tendency yesterday. Speculative issues suffered from lack of business and tended to decline. Substantial recoveries took place on giltedged market, however, and foreign bonds were firmer with exchange . Home rails were well maintained, but without change. Dollar rails reacted, Canadian Pacific’s being 142% and foreign rails relapsed. The movements in industrials was rather limited. The oil share market reacted, the demand being small. The mining market fluctuated considerably, but all prices, including Americans. were easier at the close. Loanab'e credit still was abundant and rates remained low. Overnight money wag offered at under 2 per cent, day-to-day money 3 per cent and fixtures at 3% per cent. Bar silver recovered to 34%d and 34%d for both spot and forward.— Copyright, 1922, by Public Ledger Company.
Local Curb Market ■ (By Newton Todd) —Jan. 7. Am. Hominy con. 14 20 Central and Coast Oil a Choate Oil C0rp...... % 1* Columbia Fire Ina. Cos 6 7^ Comet Auto 1 j Dayton Rubber Units 51 w Dlctorgraph Prod, pfd 44 M D. W Griffith 8 9% Elgin Motor Car 2 3a Federal Fin Cos <mi 79 09 J Fed. Fin. Cos., com... 122 t 2 Gt. Sou. Prod. A Ref. 5 0 Indiana Rural Credits 50 qq Metro 3-50 e Stores com 9 9 Mere 5-50 C Stores pfd 20 27 National Underwriting .... Rauch ft Lang Units 32 40 Rub.-Tex. Units 15 U. S. Automobile units 68 7S U. 8. Mtg. Cos Units 148 190 BANK STOCKS. Commercial Natl Bank .... 71 a. Continental Natl. Bank 109 U 6 li-diaua Trust Cos 175 190 Indiana Natl. Bank 258 268 Merchants Natl. Bank ...... 280 ... Security Trust Cos 130 State Savings and Trust.... 91 98 Wash. Bank and Trust C 0... 150 u , —————j Weather The following table show* the state of the weather at 7 a. m., Jan. 7, as observed by United States Weather Bureaus : Station. Bar. Temp. Weather. Indianapolis, Ind... 30.61 24 Cleur Atlanta. Ga 30.40 42 Rain Amarillo. Texas ... 30.32 22 Clear Bismarck. N. D 30.04 2 Clear Boston, Mass 30.42 28 Clear Chicago, 111 30.58 24 Clear Cincinnati, Ohio 30.64 22 Clear Cleveland. 0hi0.... 30 66 22 Cloudy Denver, Colo 30.14 24 Clear Dodge City, Kan.. 30.32 24 Clear Helena, Mont 30.08 26 Cloudy Jacksonville, Fla... 30.30 58 Cloudy Kansas City, Mo 39 42 28 Clear Louisville, Ky 30.62 28 Clear Little Rock, Ark.... 30.40 82 Clear Los Angeles, Cal... 29.96 48 Cloudy Mobile, Ala 30.24 52 Rain New Orleans. La.... 30.22 50 Rain New York, N. X 30.54 26 Clear Norfolk, Va 30.58 36 Cloudy Oklahoma City .... 30.36 32 Clear Omaha. Neb 30.32 26 Clear Philadelphia, Pa 30.58 28 Clear Pittsburgh. Pa 30,06 20 Clear Portland, Ore 30 38 30 Cloudy Rapid City, S. D... 80.10 16 Clear Roseburg, Ore 30.34 34 Cloudy San Antonio, Texas 30.20 44 Cloudy San Francisco, Cal.. 30.10 42 Clear St. Louis, Mo 30.52 28 Clear St. Paul, Minn 30.36 6 Clear Tampa, Fla 30 22 62 PtCldy Washington. D. C. 30.64 28 PtCldy WEATHER CONDITIONS. Slitiv* Friday morning rains hare occurred in the Gulf and In the Pacific State*, anil sonic snows have fallen in the northern Rocky Mountain region. Elsewhere throughout the country generally fair weather ho* prevailed. It Is colder In the middle and north Atlantic States, but warmer generally In the Missouri and Mississippi valleys, due to a barometric depression now centered in middle-west-ern Canada. J. H. ARMINGTON, Meteorologist, Weather Bureau. LIVED 12,000 YEARS AGO. CAPETOWN, Jan. 7.—Extensive excavations are being made near Knysna. where skeletons and weapons of cliff dwellers believed to have lived more than twelve thousand years ago were recently found. WAR ON WEEDS. LONDON, Jan. 7.—To prevent the reJuction of arable land the mini<=tc; of agriculture has ordered county boards to compel land owners to destroy all noxious weeds on their property. WINTER FISHING STORY. WEYMOUTH, England, Jan. 7.—Fish- j I g for conger eels off Weymouth Aier, f. H. Wells hooked —and landed—a toe- . ration cask of cider. I
CHEMISTRY IS AID IN PEACE AND ALSO WAR Research Council Expert Compares Ancient and Modern. PARALLEL STRIKING How chemistry Is a guide for a nation both in. war and peace, is revealed by Prof. Charles E. Munroe, of the National Research Council in Washington, who compares conditions in this country now with those which in 1797 obtained in France. This repeat of history was suggested to him by an article by Prof. Charles Moureu, of the chair of organic chemistry of the College of France, In which that savant discusses lessons of tho World War. So strenuously had France been beset by enemies both within and without the Annales de Chimle, devoted to her chemical advancement, were suspended until 1797. The preface to the first volume No. 18, printed after the resumption of publication, is reproduced in a contribution by Professor Munroe, in the January number of the Journal of Industrial and Engineering Chemistry, of the American Chemical Society. It is at follows: SUSPENDED DURING WAR. “The Annales de Chimle has been suspended during three years following the publication of volume eighteen. The necessity for each devoting oneself solely to the defense of the Republic; the events of the revolution; and finally the public occupations and functions of its authors have naturally compelled this suspension. But the time has not been entirely lost to science; chemistry, above all, has been cultivated with an activity and success to which all testify; she has developed for the defense of the and expedients. Her ability to relieve immediately the most argent needs has rendered her most precious and commendable In the eyes of the lovers of : mankind and of all true citizens. Further the number of those becoming stu dents has increased each day; it has become a fundamental topic in all modern schools, and above all in those which seek, the higher planes of human knowledge. SCIENCES HOLD IMPORTANT BANK. “Among all the civilized where one wurkj nlrhout ceasing fcHßfce perfection of reason, the sciences I influence territorial and industrial duetion and among which chemistry day occupies the first rank, are held in' general esteem. The cultivation of the fields, the multiplication of animals, the establishment of manufacturers, the exchange of Industrial creations for the products of other people constitute the | true source* of the prosperity of nations to which all men are called according to their abilities and where they find, in serving their country, their chief pleasure. j “Chemistry clarifies the practice of the ! arts; without her neither constancy in products, economy in process, nor perfection In operation can be hoped for. Unable to know in advance and to calculate the results, manufacturers haTe often made errors which have lost them their establishments. Consequently many : chemists have in recent years become 1 manufacturers and already France bn j ceased to be tributary to other natl cMk \ for a great number of useful produces; 1 the preparation of the mineral acids, dif- | ferent salts, metallic oxides, dyes, and I glass, multiplied in France during the : last fifteen years, are authentic proof of the inestimable advantages of chemistry. CHEMISTRY SERVES ! VITAL NEED. Without the light of this science from where would have come the quantities of salr peter and powder for our armies which was made in the last four years? From where the copper, iron, steel, potash, soda, leather, and all the other precious materials which have enabled us to conquer oar enemies and to maintain our existence. Without chemistry we would have been helpless. “At the moment when victory has crowned our efforts, when talent has been recognized and called to the service of the state; at the moment, above all, when new schools have been opened tn the departments which seek to spread knowledge and make known its needs, the authors of the Annales de Chimle believe It a pressing duty to go on again with the circulation of this journal. Their aim is to carry the torch of science into all workshops; to make known the new processes; to describe the little known or unused arts; to improve bad practices; to correct errors which occur too often In many of or factories; to dsecribe means for the utilization of neglected or wasted by-products; to exl pose the often misleading trade secrete and the perfidious charlatanism; to establish lucid theories of the most obscure operations; to direct the nearly always unassured or uncertain steps of the manufacture: to destroy mystery, and to repress fraud. In a word, to serve science In the most exact manner and to increase the varieties of national Industry. “We believe, without neglecting chemical philosophy, it 'is its special appli; cations to the useful arts that will clar.\ lfy and improve those arts. Brilliant and ingeuions theories will not be refused, particularly if they have useful applications. It Is lor Intelligent and reliable artists. manufacturers, workmen and merchants that this work is especially designed. At the same time savants and philosophers will find records of the progress of physics and the march of human events. It Is fine to be able to view the Improvement in the arts and also In well doing among s great people.’’—Journal of Industrial and Engineering Chemistry.
MINISTER EXPELLED. GLASGOW, Jan. 7. —Nearly 1,000 members of Bridgeton Baptist Church have refused to accept the decree of the Baptist Union of Scotland expelling their pastor, the Rev. Robert E. Connelly. Several women were involved in the charges against Connelly, but his parishioners declare him innocent. CROWN PRINCE REPRIMANDED. CHRISTIANIA, Jan. 7.—Olaf, crow* prince of Norway, who entered the cadet school for infantry training on July 4, his eighteenth birthday, has been twice reprimanded and deprived of privileges for breaking the school rules. BIGGEST LINER'S CAPTAIN. LONDON, Jan. 7.—Commodore Sir Bertram Fox Hayes, D.5.0., now commanding the Olympic., will be skipper of the Majestic, the 56.000-ton ex-Germsn liner Bismarck, when it enters the New York service in 1922. POLICE WILL SHOOT. MONTREAL, Jan. 7.—The police union has decided to take no chances in making arrests. Owing to the desperate character of criminals known to bo here now every constable will shoot all refusing to obey commands. FLOWER FOR ‘•BLUE” MONDAYS. LONDON, Jan. 7.—“ Winter-glow” is the name of anew carnation for which tt js claimed that “its color cheers on the >*.rearic3t day.” NEW AIRCRAFT LAW. PARIS, Jan. 7. —Aircraft passengers who drop articles from airplanes during flight are now liable to a fine of or six months' imprisonment.
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